Tax changes for holiday homes
The ATO has announced new draft guidelines regarding the tax treatment of holiday homes. Under these proposed rules, rental property expenses for some holiday homes… from Tax changes for holiday homes
Author: Alex Kelly
Posts by Alex Kelly
New Airbnb tax
As of 1 January 2025, there will be a 7.5 per cent levy for short stay holiday house accommodation bookings in Victoria. This will apply… from New Airbnb tax
State and Federal Budget announcements for 2023-2024
The Federal Budget for 2023-2024 was announced on Tuesday 9 May 2023 and the Victorian State Budget for 2023-2024 was announced on Tuesday 23 May… from State and Federal Budget announcements for 2023-2024
Federal Budget announcement 2025 – updates for businesses
The key considerations for businesses as a result of the 2024-2025 Federal Budget announcement are as follows: Small business entities – $20,000 instant asset write-off… from Federal Budget announcement 2025 – updates for businesses
Federal Budget announcement 2025 – updates for individuals
The key considerations for individuals as a result of the 2025 Federal Budget announcement are as follows: Income tax cuts The Stage 3 tax cuts… from Federal Budget announcement 2025 – updates for individuals
Federal Budget announcement 2023 – other areas
Other particular areas of the new budget which may be worth noting include: Tax Integrity – extension of the ATO Tax Avoidance Taskforce The Budget… from Federal Budget announcement 2023 – other areas
Federal Budget announcement 2023 – updates to superannuation
There have been recent changes to downsizer contributions for superannuation. The minimum eligibility age for downsizer contributions will be widened from 60 years and over… from Federal Budget announcement 2023 – updates to superannuation
Federal Budget announcement 2023 – updates for individuals
The key considerations for individuals as a result of the 2023 Federal Budget announcement are as follows: Status of Labour Tax Reform Announcements in 2019… from Federal Budget announcement 2023 – updates for individuals
Federal Budget announcement 2023 – updates for businesses
The key considerations for businesses as a result of the 2023 Federal Budget announcement are as follows: Electric vehicles – Fringe Benefits Tax Exemption As… from Federal Budget announcement 2023 – updates for businesses
Common mistakes of a first time property developer
Building property for a profit may seem like a ‘sure way’ to make a small fortune and it can be quite successful. But in reality… from Common mistakes of a first time property developer
